Brazil’s BTG Pactual Is Latest Bank to Embrace Crypto Assets

Banco BTG Pactual SA, Latin America’s biggest standalone investment bank, is joining the world of crypto assets with its own security token.

BTG plans to raise as much as $15 million through an initial offering for a token called ReitBZ that will be backed by distressed real estate assets in Brazil, Gustavo Roxo, the bank’s chief technology officer, said in an interview. The token will based on blockchain technology, the decentralized public ledger of transactions.

By Felipe Marques via Bloomberg

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